ABB has announced the successful completion of its acquisition of the power electronics business of Gamesa Electric in Spain, a deal first revealed on December 18, 2024. While the financial details remain confidential, the business generated approximately €145 million in revenue for the fiscal year ending September 30, 2025.
Through this acquisition, ABB adds a wide range of power conversion technologies to its portfolio, including wind converters for doubly-fed induction generators (DFIG), industrial battery energy storage systems (BESS), and utility-scale solar inverters. The deal also brings approximately 400 employees into ABB, with key teams located in India, China, the United States, and Australia, along with two converter manufacturing plants in Madrid and Valencia. In addition, ABB has entered into a supply and services agreement with Siemens Gamesa.
The acquisition expands ABB’s serviceable installed base of wind converters by roughly 46 gigawatts and strengthens the growth strategy of its Motion business area. With more than 45 years of expertise in power electronics, Gamesa Electric contributes extensive technical knowledge in renewable and solar applications as well as strong, long-standing customer relationships.
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“By combining ABB’s global reach and Gamesa Electric’s portfolio and expertise, the company is well positioned to capture growing demand and accelerate renewable energy adoption worldwide,” said Daniel Gerber, Business Line Manager, Renewable Power of ABB’s Motion High Power division.
According to the International Energy Agency1, electricity generation from renewables is expected to increase 60% from 9,900 TWh in 2024 to 16,200 TWh in 2030. In fact, renewables are expected to surpass coal at the end of 2025 (or by mid-2026 at the latest, depending on hydropower availability) to become the largest source of electricity generation globally. Solar PV alone accounts for over half of this increase, followed by wind at roughly 30 percent.
ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and more than 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com
Endnotes:
1. IEA (2025), Renewables 2025, IEA, Paris https://www.iea.org/reports/renewables-2025, Licence: CC BY 4.0
